California-based C.V. Starr & Co., a subsidiary of C.V. Starr & Co., Inc., and Allied World Assurance Co. (U.S.) Inc. and Allied World National Assurance Co. have entered into a program agreement whereby C.V. Starr & Co. will offer management liability lines of insurance coverage on behalf of Allied World to commercial middle market risks, including not-for-profit organizations, private companies and public companies with market capitalizations of $500 million or less. C.V. Starr & Co. will market and underwrite a broad portfolio of insurance products including directors and officers insurance, employment practices liability, fiduciary liability, outside directorship liability, fidelity and crime insurance as well as kidnap, ransom and corporate extortion insurance.
“We are excited to broaden our partnership with Allied World and provide our brokers and customers access to quality underwriting and servicing of a broad portfolio of specialty insurance products while providing solutions to their management liability insurance needs,” said Jeffrey Hafter, president of C.V. Starr & Co.
Laurie E. Banez, senior vice president of C.V. Starr & Co., will serve as its chief underwriter responsible for managing the Allied World program. Banez has more than 21 years of insurance industry experience. Prior to joining C.V. Starr & Co. in November 2007, she held various senior leadership positions with several management liability insurance carriers.
C.V. Starr & Co. is a managing insurance agent and underwriter of specialty casualty insurance with offices in San Francisco, Los Angeles, Seattle, Chicago, New York, Boston, Atlanta, Philadelphia, Dallas and Houston. The MGA is a subsidiary of C.V. Starr & Co. Inc., an independently owned holding company.
Allied World Assurance Co. Holdings, Ltd., through its insurance subsidiaries, is a global provider of insurance and reinsurance solutions, with offices in Bermuda, the U.S. and Europe.
Source: C.V. Starr & Co.
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